Peter Brandt Forecasts Bitcoin Price to Witness More Decline If This Happens
Bitcoin prices recent rebound above the $79,000 area has not yet confirmed a durable bottom, according to veteran trader Peter Brandt, who warned that $BTC remains inside a broader corrective structure rather than a verified reversal pattern. Brandt said Bitcoin has “$NOT $NOT $NOT” completed a recognizable bottom, pointing to a daily chart structure that resembles a bear channel developing from the February low. In his view, the latest rise should be treated as a rally within that channel until price delivers a decisive daily close above the upper boundary. Bitcoin was trading near $79,660 after testing resistance close to the upper side of the channel. The level has become important because the recent rally from April lows has pushed price directly into a zone where sellers previously regained control. Brandt identified $79,145 as the key level to watch. He said an ATR close below $79,145 would suggest that the recent advance is losing momentum and that rejection from the channel resistance is becoming more relevant. Peter Brandt Says Bitcoin Bulls Need Clean Breakout Brandts technical view centers on whether Bitcoin can break above the upper boundary of the current channel. Without that move, the market remains inside a structure that can still favor lower









